M&A Deal Summary

HTLF Acquires First Scottsdale Bank National Association

On May 15, 2015, HTLF acquired financial services company First Scottsdale Bank National Association for 18M USD

Acquisition Highlights
  • This is HTLF’s 9th transaction in the Financial Services sector.
  • This is HTLF’s 10th largest (disclosed) transaction.
  • This is HTLF’s 9th transaction in the United States.
  • This is HTLF’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2015-05-15
Target First Scottsdale Bank National Association
Sector Financial Services
Buyer(s) HTLF
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

First Scottsdale Bank National Association

Scottsdale, Arizona, United States
First Scottsdale Bank, National Association is a provider of financial services.

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Buyer(S) 1

Buyer

HTLF

Denver, Colorado, United States

Category Company
Founded 1981
Sector Financial Services
Revenue 580M USD (2023)
DESCRIPTION

HTLF is a diversified financial services company that provides banking, mortgage, wealth management, investment, insurance, and consumer finance services to individuals and businesses. Heartland currently has 86 banking locations in 63 communities. HTLF was founded in 1981 and is based in Denver, Colorado.


DEAL STATS #
Overall 9 of 15
Sector (Financial Services) 9 of 15
Type (Add-on Acquisition) 9 of 14
State (Arizona) 2 of 2
Country (United States) 9 of 15
Year (2015) 2 of 4
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-16 Community Bank Corp Of Sheboygan

Sheboygan, Wisconsin, United States

Community Bank Corp Of Sheboygan, Inc. is a provider of commercial and personal banking services.

Buy $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-21 Community Bancorporation of New Mexico

Santa Fe, New Mexico, United States

Community Bancorporation of New Mexico, Inc. is a provider of banking financial services.

Buy $11M